12 October 2017

Zimbabwe: ZSE Market Cap Breaches $14bln

The Zimbabwe Stock Exchange market capitalisation on Thursday reached $14,01 billion with market turnover amounting to $30,4 million, the highest daily turnover since 2014.

Econet, BAT and Delta had a combined turnover of $24,5 million, representing 80 percent of turnover recorded on the day.

Foreign participation was also high with foreigners disposing shares worth $14,5 million compared to buys of $9,3 million.

The industrial index advanced 1,54 percent to 494,64 points on gains recorded by some heavyweight counters while the mining index gained 2,81 percent to settle at 141,39 points.

Mobile operator, Econet added 6,19 percent to settle at 171,08 cents.

Old Mutual and Padenga advanced 0,63 percent and 0,08 percent to settle at 140,704 cents and 85,07 cents respectively.

Seedco and OK added 0,12 percent and 0,09 percent to settle at 289 cents and 31,03 cents in that order.

Delta, National Foods and Simbisa remained unchanged at their previous trading prices.

Barclays added 17,14 percent to settle at 8,20 cents while First Mutual advanced 16,74 percent to settle at16,81 cents.

Nampak and PPC gained 11,46 percent and 8,75 percent to settle at 14 cents and 303,97 cents respectively.

Partially offsetting the gains recorded in the day were BAT, Innscor and CFI which eased 2,24 percent, 0,09 percent and 0,71 percent to trade at 3,560.94 cents, 178,49 cents and 69,5 cents respectively.

Zimplow Holdings sheds 0,25 percent to settle at 8,1 cents.

On the resources space, Bindura eased 1,54 percent to settle at 6,4 cents while RioZim added 5,7 percent to settle at 110 cents. Hwange and FalGold remained unchanged at their previous trading prices.


Mnangagwa Hints on Second Term

President Emmerson Mnangagwa has hinted on his possible seeking of a second term but vowed he will not cling on to power… Read more »

See What Everyone is Watching

Copyright © 2017 The Source. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.